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Structural Slumps - The Modern Equilibrium Theory of Unemployment, Interest & Assets (Paper)
The Modern Equilibrium Theory Of Unemployment, Interest, And Assets
- Editore:
Harvard University Press
- EAN:
9780674843745
- ISBN:
0674843746
- Pagine:
- 432
- Formato:
- Paperback
- Lingua:
- Inglese
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Descrizione Structural Slumps - The Modern Equilibrium Theory of Unemployment, Interest & Assets (Paper)
Dissatisfied with the explanations of the business cycle provided by the Keynesian, monetarist, New Keynesian, and real business cycle schools, Edmund Phelps has developed from various existing strands--some modern and some classical--a radically different theory to account for the long periods of unemployment that have dogged the economies of the United States and Western Europe since the early 1970s.
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